DrStool Posted November 10, 2021 Report Share Posted November 10, 2021 That's the number to beat to break out of this horrendous downtrend that is killing stock values. Woe is me. This looks oddly familiar. Where have I seen this before? This is just for intrepid day traders. For more on the big picture and elsewhere: Gold Cycle Projections Hold Good News Relentless Rally Reaches Likely Reaction Point Swing Trade Screens Have Buy Side Surge Why Jerome Powell Had a Frog In His Throat Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 From the Department of Buttcoin Pops. AKA if you don't own it, it hurts. Even if it is a pus filled butt boil. I have some revisions to the cycle projections. The 9 month cycle projection moderated to 69,500. The 18 month cycle projection rose to 97.500. The measured move price target of the high base breakout is around 99,000. Remember. As goes BTC, so goes the 10 year Treasury Yield, right? The rally in Treasuries looks like a gift horse, which you shouldn't look in the mouth, right? There's a reason Treasuries have rallied in the past couple of weeks. It's something very esoteric that few people have heard of or understand. It's called the "Law of SUPPLY" (and demand). When demand is constant, if supply is reduced, prices rise, and in the case of bonds, the other side of the coin: yields fall. Supply has been reduced over the past 10 days because they're running into the debt ceiling again, so there's been a big cut in issuance this month. Who's your daddy? The LAW OF SUPPLY. Trust me, there's more supply coming. When? When they lift the debt ceiling again. Run away! Run away, now! And remember, it's not inflation, it's growth. Like the big ugly growth on Wall Street's ass. Think of the red line as a pus filled boil. And it's about to explode all over the bond market. Let me tell you! This thing is coming to a head! Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 Bullish. It's a pattern. Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 They always tell us that monetary policy works with a lag. Who am I to argue. They're the experts. The purple line is total Fed system credit. The other lines are various measures of inflation. Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 10, 2021 Report Share Posted November 10, 2021 They Lolly-Lag over here, they Lolly-Lag over there......... That makes them a bunch of Lolly-Laggers.........😋 Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 Hmmmm. We appear to have a lower high. Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 That phony ass rally in the 10 year is done. Kaput. Gift horse in the mouth stuff. Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 The USD is soaring against the EUR. 10 year yield exploding. Cryptos blowing the roof off. Stocks getting dumped. Gold breaking out. Wait, what? That can't be right. Gold is breaking out? Must be an alternate universe. Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 Remember who was laughing at the bond rally the past two days? That's right. Moi! Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 5 day cycle projection drops to 4645, essentially done. Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 Remember this oldie but goodie? Gold Cycle Projections Hold Good News Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 EUR/USD measures to 1.10. Good for me. Well, except that I moved a chunk of USDs to PLN a month ago. Bummer. But that's ok. Still earning USDs. It's a hedge. 😁😁 Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 They're blowing chunks now. Link to comment Share on other sites More sharing options...
DrStool Posted November 10, 2021 Author Report Share Posted November 10, 2021 File this one under the Department of Shit Happens. Swing Trade Screens Have Buy Side Surge Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 10, 2021 Report Share Posted November 10, 2021 Is 4620 the new and improved Maginot Line >: Rounded down to 4600 Even Steven......? Link to comment Share on other sites More sharing options...
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